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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Henry Fernandez says the global index provider is reweighting investments by companies to factor in climate-related risks.
As the world grapples with climate change, businesses are set for a major transformation. Some companies would need to find new business areas (for instance, automakers’ move into electric vehicles). Others would have to deal with the looming physical dangers of climate change to their operations and assets. Most of all, it’s imperative that companies reduce their carbon footprint to attract sustainability-linked investments.
So, what is at stake for businesses?
Companies need to move fast—and early—to measure their carbon footprint and decarbonize their operations, or else they will lose their competitive advantage, their cost of capital will go up and …
